Ishita Russell

Senior Writer & Content Specialist, India

India: Zomato in talks to sell UAE unit to Delivery Hero for up to $250m

Berlin-based Delivery Hero had a presence in India through Foodpanda, which it sold to Ola in December 2017.

India: Vet pharma Ashish Life Science raises $6m from Eight Roads, Anterra Capital

The export-focused company plans to use the funding to scale the business in its current geographies and expand into regulated markets.

UK’s CDC hires former StanChart exec as new MD to focus on South Asia, Africa

Priestly was earlier the regional head of global banking for Africa, West Asia, and Pakistan at Standard Chartered bank.

SIS India eyes SEA foray, to acquire 60% stake in Singapore’s Henderson

Under the terms of the deal, which is expected to close by February-end, SIS would acquire the remaining 40% stake each in the firms between October 2020 and April 2024.

India’s bike taxi startup Rapido raises $10m round led by HK’s Integrated Capital

The fresh round of funding was joined by existing investors Skycatchr, AdvantEdge and Astrac Ventures.

India Digest: Ola cuts Foodpanda budget; IDFC’s road assets sale; SMILE Microfin owners eye exit

Indian ride-hailing major Ola has reportedly more than halved its budget for Foodpanda in an attempt to focus on private label brands to boost growth.

DSG Consumer Partners seeks to raise $50m for third fund

The VC firm had achieved a final close of $50 million for its second fund DSGCP II in August 2017.

Sequoia launches accelerator programme for India & ASEAN startups

This comes almost six months after Sequoia closed its $695-million fund targeting early and growth stage investments across the region.

India Dealbook: Kapiva Ayurveda, Rooter Sports, MoneyOnClick raise funds

Kapiva Ayurveda’s round also saw participation from 3One4 Capital, Madhu Kela of Reliance Capital and GITS Foods.

Mega deals propelled SEA tech investments to cross $11b in 2018

SE Asia will sustain growth momentum in 2019 as Grab, Go-Jek and Tokopedia continue to attract capital, per a Cento Ventures report.